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Another diagram. Singapore is not inside. But the implication is the rate of debt to income growth has accelerated in Asia (some western countries have in fact reverse).
Another diagram. Singapore is not inside. But the implication is the rate of debt to income growth has accelerated in Asia (some western countries have in fact reverse).
A silly conclusion. High debt to income shows confidence for the future of the nation, led by our very own Tiny Tan! This shows that Singaporeans are a major beneficiary of globalization, else how can be so confident buy now pay later no problem?